TCS BaNCS Gains B.I.S.S. 'Corporate Actions' Accreditation for the Fifth Year in a Row
B.I.S.S. Research Ltd
London, UK 1st October 2007 – B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced TCS BαNCS Corporate Actions, from TCS Financial Solutions, has once again achieved the B.I.S.S. Corporate Actions Accreditation in all three market sectors of Broker Dealer, Custodian and Asset Manager.
Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “Tata Consultancy Services has rebranded all its financial services products as TCS BαNCS and we are delighted that TCS BαNCS Corporate Actions has again proved its outstanding qualities in the B.I.S.S. Benchmarking tests.
The industry panel is always impressed by this system and its features, which are reflected in the high scores it continues to receive. In the resulting benchmark report, the analyst has made special note of the extensive range of functionality found within TCS BaNCS suite of modular products that combine to make the system one of the best available in the world today.
The new enhancements introduced this year are maintaining this product’s eminent position and will continue to ensure its highly competitive position when buyers are looking for a Corporate Actions solution. It was also noted in the report that TCS BaNCS has all the functional richness found in legacy system but on a modern technical platform. We are so pleased that the B.I.S.S. Corporate Actions Accreditation has once again been assigned to this outstanding system.”
Mr. N. G. Subramaniam, President, TCS Financial Solutions states “TCS Financial Solutions is proud to be honoured with B.I.S.S. Corporate Actions Accreditation. TCS BaNCS Corporate Actions automates the Corporate Actions life–cycle helping organizations to deliver accurate and timely data to stakeholders. We continue to deliver product superiority to the world’s leading financial institutions that improve operational efficiency and drive revenue growth.”
About B.I.S.S. Research
B.I.S.S. Research is an independent company providing analysis of technology and services of suppliers in the Global financial services industry. B.I.S.S. Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which enables them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place.
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BαNCS. Our mission is to provide best of breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base in excess of 200 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development.
A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 94,000 of the world's best trained IT consultants in 47 countries. The Company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March, 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.
For more information see: www.tcs.com